Trevor Tso
Need advice renting to retired parents
I bought a second home as primary residence and would like to move my parents there (so they can help out for my child care and I can help them with $, they are little tight).
How can I get the most tax benef...
Jason Merchey
Taxation of Cash Flow/Equity Gain in MF Syndications
How are 1) cash flows and 2) any equity gains upon disposition treated in multifamily syndications? I've never been through one round-trip.My understanding is this: the cash flow distributions are not taxed because of...
Phillip Hunt
First and Second properties.
HI Everyone,
My name is Phil and I am new to BiggerPockets. I have invested in two properties so far on my own. Both were 2 and 2, 1010sqft. Condo's. The first I purchased for 75K then appraised at 8...
Nik Parks
FHA Bottom Line
Hey guys, I have a question.
I'm brand new to REI. I want to buy my 1st house this year. I want to buy a multi family home with a FHA loan.
My question is, what is the absolute bottom line amount with a FHA loan (I ...
Chad Jarrah
Does Homeowner's Insurance Ever Accompany a Property Purchse?
Hey BP'ers! Has anybody ever heard this or come across this? Can a property ever be purchased and the homeowner's policy goes with it. More along the lines of a claim made? Ex: If there was water or fire damage and yo...
Pete Ganze
Refinance Paperwork Nightmare
I talked to my bank about refinancing a property I have owned outright for 10 years and they want the following. I think this is a paper storm that won't do anything other than burn my time. They have all my info as t...
Greg P.
Transitioning from Residential to Commercial - Advice Appreciated
Hello everyone. I've been doing Residential Real Estate for a few years and been semi successful. I've created enough cash to potentially into Commercial Real Estate, but I'm very cautious.
Few Questions:
1) In...
Albert D.
First Multi-family Burned Down in Four Months. Help!
What the chance! The worst wildfire in Gatlinburg, TN in a decade somehow found way to my apartment buildings in downtown (near town center). Luckily all tenants were evacuated by police the night before and no one ...
Mitch Foster
W2 to Self Employment: Creative Financing Options
Hey Bigger Pockets, back in April I switched from a W2 job I had for 5 years to self employment. I've talked to about 30 lenders and get the typical response of "you need 2 years of verifiable self employment income"....
Tanzim Seraj
Bought an Owner Occupied 3 Unit Under My Name Instead of LLC
Bought my first ever house witch is an owner occupied 3 unit multifamily house. A couple concerns, the house is from 1814 and I have some concerns of repairs down the line. Also, a concern about the being a liability ...